Idaho Governor Plans To Eliminate Personal Property Tax - Spokane, North Idaho News & Weather KHQ.com

Idaho Governor Plans To Eliminate Personal Property Tax

Posted: Updated:

COEUR D'ALENE, Idaho - Counties in North Idaho will lose millions of dollars if a new proposal by Governor Butch Otter goes through.

He plans to eliminate personal property taxes which can affect fire departments and school districts, cutting thousands of dollars out of their budgets.  Eliminating the tax would strip Idaho of 141-million dollars in tax revenue per year.

To soften the blow, Governor Otter has set aside $20 million dollars for local government and is advocating for more power at the local level, to raise taxes to make up for the shortfall.

In 2012, 45 county districts generated almost $2.3 million dollars in personal property taxes.  Those funds go towards fire departments, school districts and ambulance services.

Taking the biggest hit locally, would be the Lakeland School District which receives $944,000 a year in personal property tax funding.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • PHOTOS JUST IN: Devastation from Carlton Complex; 300 homes burned

    PHOTOS JUST IN: Devastation from Carlton Complex; 300 homes burned

    Saturday, July 26 2014 12:07 AM EDT2014-07-26 04:07:59 GMT
    TWISP, Wash. (AP) - The Okanogan County Sheriff says the Carlton Complex wildfire has many more homes than previously thought. Sheriff Frank Rogers said Friday that the Carlton Complex fire has consumed about 300 homes this month. His office previously placed the number at 150, but he said then he knew it would rise.>>
    TWISP, Wash. (AP) - The Okanogan County Sheriff says the Carlton Complex wildfire has many more homes than previously thought. Sheriff Frank Rogers said Friday that the Carlton Complex fire has consumed about 300 homes this month. His office previously placed the number at 150, but he said then he knew it would rise.>>
  • 44 Riverside homes destroyed or damaged in storm

    44 Riverside homes destroyed or damaged in storm

    Thursday, July 24 2014 3:46 PM EDT2014-07-24 19:46:53 GMT
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>
  • VIRAL VIDEO: Dog passes out from overwhelming joy at owners return

    VIRAL VIDEO: Dog passes out from overwhelming joy at owners return

    Monday, July 28 2014 11:26 AM EDT2014-07-28 15:26:12 GMT
    KHQ.COM - A woman who left her dog in the care of friends while she moved away for two years, got an unexpected and heart melting reaction from her little schnauzer, Casey, when she returned. This video has gone viral since it was posted July 24th with over 17 million views as of July 28th.>>
    KHQ.COM - A woman who left her dog in the care of friends while she moved away for two years, got an unexpected and heart melting reaction from her little schnauzer, Casey, when she returned. This video has gone viral since it was posted July 24th with over 17 million views as of July 28th.>>